Gear 4 Value Destruction On 2 April last year these were trading at 671p. Today 204p, so down 70%. It has a bad feel to it.
Errr No, you’re not.
Panic selling And now 170p
Panic selling Not sure where you saw this significant rally (are you sure it isn’t a case of wishful thinking) but the shares are now 180p, having been at over 500p before the results and after the Chairman and other directors made (very modest) purchases around the 240p mark. So I stand by my previous comments.
Panic selling Well, right or not right, there’s a significant move north this morning. So maybe the sell off was an overreaction after all TP
Panic selling Worth noting 2 things about these directors buys: first they are each of very low value, which hardly conveys huge confidence; second don’t let anyone tell you that when a director buys they somehow ‘know’ the shares are about to go up - the Chairman, Ken Ford, paid 240p per share, so he is down over 35% already. There’s something not right about this company.
Panic selling Had a dabble today at 218p lets hope we are either at or near the bottom!
Panic selling RNS today. Directors buying ! Promising or shoring up? TP
Panic selling This is an odd one: on the face of it a small blip in trading due to growth exceeding capacity should not result in the share price going down by over 50%. So a clear buying opportunity? Perhaps but I can’t help noting it advised the market only 2 months ago that “Gear4music remains on track to meet expectations†and I also note none of the directors have purchased shares after the price crash. Why is that?
Panic selling On what is basically good news. Today’s trading update shows excellent revenue gains. The only problem is that the U.K. logistics set up can’t keep pace with demand. Good situation to be in I would’ve thought. Oversold by any standards. Topped up on the strength of it. TP
Errr Am I missing something here?
Trading Statement - is announced on the company's website to be on Jan' 5th.
Re: NEW ARTICLE: Stockwatch: Time to lock in... If I were still in (I bailed out too early), I would certainly lock ina good deal of my gains at current price of 840p. It amazes mehow high the price has managed to go. Can it really go much higher...?wsA punt on Redt Energy RED (just starting to rise) might pay better....? But as always take care and DYOR.
NEW ARTICLE: Stockwatch: Time to lock in gains from this AIM high-flyer "Is the story weakening at online retailer LSE:G4M:Gear4music? As a stock-picking moral now consumer discretionary spending appears to be slowing, should you beware those not quantifying the trend?The AIM-listed shares in the seller of musical ..."[link]
Trading Statement Reading today's trading statement makes me feel that H1 is notgoing to be looking as good as expected in terms of profit andperhaps also in terms of sales (see reference to seasonal H2.IMHO,ws